Dozens of states have a general sales tax. In Illinois, the tax covers consumer goods, but not services. That's a mistake, ...

GST exemption also makes vouchers more appealing to consumers, who can redeem them without the worry of extra taxes, ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

Lawmakers will consider a bill to increase the state excise tax and wipe out the state income tax for most residents.

The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2024-25 in Parliament, today i.e. February 02, 2025. Majorly the changes were earlier ...

The GST Council, led by Finance Minister Nirmala Sitharaman, plans to simplify and lower tax rates as the review nears ...

Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...

In recent months, tariffs have become a significant concern for businesses importing goods, particularly in relation to trade ...

Paytm parent One97 Communications has received a goods and service tax (GST) demand notice of INR 3.73 Cr from ...

Yes, this change will likely affect online shopping sites like Shein and Temu, which are popular among young U.S. shoppers for their cheap products. These are companies that ship directly from China ...

Finance Minister Nirmala Sitharaman on 11th February informed the Rajya Sabha that indirect tax under the Goods and Services ...

New Delhi: The ministry of heavy industries (MHI) has called on the finance ministry to lower the goods and services tax (GST) rate on two-wheelers powered by compressed natural gas (CNG), two ...